Seattle Sellers Cut Prices 15% as Condo Demand Crashes
Key Takeaways Seattle condo prices have dropped by 15% as sellers attempt to attract hesitant buyers. Inventory has surged by 55% compared to the previous year, resulting in many unsold properties. The market remains uncertain, with conditions possibly worsening in the near future. Surging Listings and Dropping Prices Disrupt the Seattle Condo Market Panic is sweeping Seattle’s condo market. Asking prices have plunged 15%, as sellers desperately chase fleeing buyers. A tidal wave of inventory surges, with listings ballooning 55 % over previous year, leaving countless homes abandoned and unsold. Once-hot units now rot on the market, their value collapsing under relentless pressure. Each new listing deepens the chaos, tightening a vice around investor hopes. Is this only the initial phase, or will the market spiral further into darkness? Condo Market Turmoil: Price Cuts, Panic, and Glut A stunning collapse is hammering Seattle’s condo market , shattering investor confidence and sendin...